Possible AUD/USD LONG PLAY
Updated
Hello all, this is my prospective on the pair AUD/USD.
Daily charts shows that the pair is in an upward trend with higher highs and higher lows.
200 Simple Moving Average is crossing with 200 Exponential Moving Average.
Wait to see a solid close above .79780 for possible entry.
I could look to for an exit taking a loss at 0.7945
I would look to close or take partial profits at .80085. If I'm taking partial profits then
I'll hold the remaining of my position until 0.8037 which is a retest of
structure highs.
Please leave feed back letting me know what you think of my analysis.
Daily charts shows that the pair is in an upward trend with higher highs and higher lows.
200 Simple Moving Average is crossing with 200 Exponential Moving Average.
Wait to see a solid close above .79780 for possible entry.
I could look to for an exit taking a loss at 0.7945
I would look to close or take partial profits at .80085. If I'm taking partial profits then
I'll hold the remaining of my position until 0.8037 which is a retest of
structure highs.
Please leave feed back letting me know what you think of my analysis.
Comment
Target 1 was hit and you can close or take profitsTrade closed: target reached
All targets have been met 59 Pip move to the up side
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